brand logo

Lotus Tower’s daily operational cost yet unknown

19 Sep 2022

By Dinitha Rathnayake   A total income of Rs 7.5 million has been earned within three days of the opening of the Lotus Tower in Colombo, but the daily operational cost of the iconic and controversial tower is as yet unknown, according to Colombo Lotus Tower Management Company Pvt. Ltd. Speaking to The Morning yesterday (18), Colombo Lotus Tower Management Company Chief Administrative Officer Maj. Gen. (Retd.) Prasad Samarasinghe stated that during the three days of operations until last Saturday (17), about 14,000 people had visited the tower, and that the total operational cost would be finalised after one month, while vendors would be selected accordingly for the available areas by the end of this month. Measuring up to 356m in height, the Lotus Tower was constructed at a cost of approximately $ 113 million. A Chinese company granted $ 88.65 million, while the rest was borne by the Sri Lankan Government. The loan instalments are due to be completed by 2024, while $ 66.3936 million of the loan has already been paid. Colombo Lotus Tower Management Company is a company established in March this year under the Treasury, and all its transactions are audited by the Auditor General’s Department. The loan agreement between the Telecommunication Regulatory Commission of Sri Lanka (TRCSL) and China was initiated and the work on the Lotus Tower commenced in 2012. The tallest self-supported structure in South Asia and the tallest skyscraper in the country, the Colombo Lotus Tower officially commenced operations on 15 September as it was declared open to the public. 


More News..